Avery Dennison First Quarter Sales Rise 3%
Avery Dennison Corp. recently announced preliminary, unaudited results for its first quarter ended March 29. First quarter net sales rose about 3%, from $1.498 billion in 2013 to $1.55 billion in the first quarter of 2014. Net sales were up approximately 5% on an organic basis.
“I’m pleased to report a solid start to 2014, with earnings in line with our expectations,” said Dean Scarborough, chairman, president and CEO. “Sales were up nearly 5% on an organic basis, driven by strong volume growth in Pressure-Sensitive Materials. Retail Branding and Information Solutions delivered another quarter of strong earnings growth, reflecting the successful execution of productivity initiatives across the business.”
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